SkyAI expands cash tender offer under agreement with Bastion Trading, extends it to Nov. 12
On October 27, 2026, SkyAI, Inc. entered into a tender support and settlement agreement with Bastion Trading Limited, a major stockholder, and amended its ongoing cash tender offer. The amended offer raises the purchase of pre-funded warrants to 100% of each class from 95%, adds stapled warrants at $0.17 each, and extends the offer to November 12, 2026. If all securities sought are tendered, the company would pay about $214.3 million from cash on hand, compared with the approximately $223 million it reported holding.
Key points
- Bastion agreed to tender all its shares, pre-funded warrants and stapled warrants, and to a three-year standstill.
- Cash and cryptocurrency stapled warrants are added at $0.17 each, with purchases of up to 100% of each class.
- Pre-funded warrant purchases rise to 100% of each class from 95%, at $3.00 per warrant less the $0.0001 exercise price.
- The company sold about 2 million SOL and no longer holds any SOL; the offer expires one minute after 11:59 p.m. New York time on November 12, 2026.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.